The Fundamental FOREX Blog » USD Follow Up

Follow Up – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Wed, 08 Feb 2012 15:39:03 +0000

Here is a follow up of last Fridays US Employment reports, the employment change showed some improvement and the Unemployment Rate went down.

Did not enter a trade.

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M” NEW

Click here FOREX Trade the News… What are the Odds?

On Friday, 02-03-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

Also, 1 other report:

The USD Average Hourly Earnings m/m report
Released monthly by the Bureau of Labor Statistics

I did not trade!

I did a “preview” post for this months release, click here for a review.

Here is how the reports are set up for this month:

USD Non-Farm Employment Change – Stats

Previous = 200k ———————-revised= 203K

Forecast = 153K ———————-revised= 150K

Actual = 243K

USD Unemployment Rate – Stats

Previous = 8.5%

Forecast = 8.5%

Actual = 8.3%

Here is how I was set up up and the results:

USD-8-30AM-ET-02-03-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________153K_______200K
_____243K____ 150K_______ 203K
out at 253K or higher – SELL EUR/USD
out at 53K or lower – BUY EUR/USD

Good – “actual” came out higher than “forecast” by 90K
Good – “actual” came out higher than revised “forecast” by 93K
Good – “actual” came out higher than “previous” by 43K
Good – “actual” came out higher than revised “previous” by 40K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate
______8.3%______8.5% ______8.5%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

Good – “actual” came out lower than “forecast” by 0.2%
Good – “actual” came out lower than “forecast” by 0.2%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair moved up for 8 minutes about 58 PIPS – wrong direction
Moved down for 14 minutes about 43 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency moved up for 2 minutes about 35 PIPS – wrong direction
Moved down for 50 minutes about 140 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair spiked up/down 1st minute about 21 PIPS/12 PIPS -
Ranged for 7 minutes
Moved down for 17 minutes about 71 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair spiked up/down for 2 minutes about 35 PIPS/11 PIPS -
Ranged for 8 minutes
Moved down for 11 minutes about 32 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked down/up for 2 minutes about 44 PIPS/5 PIPS -
Ranged for 13 minutes
Moved up for 5 minutes about 15 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair spiked down/up for 2 minutes about 25 PIPS/9 PIPS -
Moved up for 3 minutes about 43 PIPS – right direction
Moved down for 4 minutes about 30 PIPS – wrong direction

Ranged for 3 minutes

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 18 minutes about 41 PIPS – right direction
Ranged

The next scheduled release of the two major reports is on Friday, 03-09-12 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD ISM Manufacturing PMI report

shark — Sun, 05 Feb 2012 18:31:08 +0000

Here is the “follow up” report of the USD ISM Manufacturing PMI report released on Wednesday, the 1st of February, 2012. The difference between the “actual” report and the “forecast” was not even close enough for a trade to be entered

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Wednesday, 02-01-12 at 10:00 AM ET the USD ISM Manufacturing PMI report was released along with two other reports.

USD Construction Spending (MoM)
USD ISM Manufacturing Prices

USD ISM Manufacturing PMI has the greatest impact on the currency markets.

The USD ISM Manufacturing PMI is released by the Institute of Supply Management
and is released monthly,

and the Construction Spending is released by the Census Bureau and is released monthly.

And the USD ISM Manufacturing Prices is released by Institute for Supply Management.

I did a “preview” post for this month, click here for a review.

I did not enter a trade this time

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 53.9

Forecast = 54.6

Actual = 54.1

Here is how I was set up and what happened.

USD-10-00AM-ET-02-01-12
Looking for a Change of 2 to 3
Actual > Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
_____54.1______54.6_______53.9
out at 57.6 or higher – SELL EUR/USD
out at 52.6 or lower – BUY EUR/USD

Bad – “actual” came out lower than “forecast” by 0.5
Good – “actual” came out higher than “forecast” by 0.2

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked up/down the 1st 2 minutes about 7 PIPS/ 15 PIPS
Moved up for 10 minutes about 32 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD spiked up/down the 1st 2 minutes about 5 PIPS/ 17 PIPS
Moved up for 9 minutes about 37 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD spiked up/down the 1st 2 minutes about 5 PIPS/ 13 PIPS
Moved up for 9 minutes about 22 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD spiked up/down the 1st 2 minutes about 4 PIPS/ 11 PIPS
Moved up for 8 minutes about 22 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD spiked down/up the 1st 2 minutes about 8 PIPS/ 14 PIPS
Moved down for 9 minutes about 22 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF spiked down/up the 1st 2 minutes about 3 PIPS/ 13 PIPS
Moved down for 9 minutes about 26 PIPS - right direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY spiked down/up the 1st 2 minutes about 2 PIPS/ 9 PIPS
Moved down for 16 minutes about 9 PIPS – right direction

The next scheduled release of this report will be on Thursday, 03-01-12 at 10:00 AM ET along with several other USD reports.

I will probably post a “preview” a day or two before.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD ADP Non- Farm Employment change report

shark — Sat, 04 Feb 2012 16:57:03 +0000

This USD ADP Non-Farm Employment Change report came out this week, but was not good enough “off forecast” for a trade!

I did not enter a trade this time! – No Trigger

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Wednesday, 02-01-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” was released by Automatic Data Processing, Inc.

I did a “preview” of this months report, posted on Tuesday, 01-31-12, click here for a review.

Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous = 325K—————revised = 292K

Forecast = 189K

Actual = 170K

Here is how I was set up and what happened:

USD-8-15AM-ET-02-01-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________189K________325K
_____170K______ 189K________ 292K
out at 239K or higher – SELL GBP/USD
out at 139K or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 19K
Bad – “actual” came out lower than “previous” by 155K
Bad – “actual” came out lower than revised “previous” by 122K

I did not enter a trade this time! There was a good “trigger”.

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD ranged down for 12 minutes about 9 PIPS – wrong direction
Moved up for 25 minutes about 19 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD ranged for 12 minutes
Ranged

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD ranged down for 59 minutes about 26 PIPS - wrong direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD ranged for 12 minutes
Moved up for 43 minutes about 18 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD spiked up for 2 minutes about 4 PIPS – wrong direction
Moved down for 5 minutes about 9 PIPS – right direction
Moved up for 5 minutes about 11 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF ranged

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY ranged for 4 minutes
Moved down for 3 minutes about 4 PIPS - right direction
Ranged for 5 minutes

The next ADP report is scheduled for Wednesday, 03-07-12 at 8:15 AM ET.

I will probably write a “preview” post a day or two before.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD Consumer Confidence report

shark — Wed, 01 Feb 2012 17:08:50 +0000

The US Consumer Confidence report was released on Tuesday.

I did enter a trade this time of the currency pair USD/JPY – small win.

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report” NEW
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

Click here FOREX Trade the News… What are the Odds?

On Tuesday, 01-31-12, at 10:00 AM ET the USD Consumer Confidence report was released.

The last “Preview” of the Consumer Confidence report was posted on Monday, 01-30-12, click here for a review.

The Consumer Confidence is released by The Conference Board, Inc.

Lets take a look at what is going on with this news release:

USD Consumer Confidence Stats:

Previous = 64.5————–revised = 64.8

Forecast = 68.2

Actual = 61.1

Here is how I was set up, and the results:

USD-10-00AM-ET-01-31-12
Looking for a 5.0 difference
Actual > Forecast = Good for the USD
USD CB Consumer Confidence
——actual——–forecast——–previous
_______________68.2_________64.5
_____61.1 ______68.2 _________64.8
out at 73.2 or higher – BUY USD/JPY
out at 63.2 or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 7.1
Bad – “actual” came out lower than “previous” by 3.4
Bad – “actual” came out lower than revised “previous” by 3.7

I did enter a trade this time of the currency pair USD/JPY – small win.

Check out the charts.

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved down for 8 minutes about 29 PIPS – wrong direction
Moved up next 19 minutes about 23 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD moved down for 10 minutes about 27 PIPS – wrong direction
Moved up next 17 minutes about 18 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD moved down for 11 minutes about 25 PIPS – wrong direction
Moved up next 17 minutes about 15 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD ranged for 3 minutes
Moved down for 5 minutes about 17 PIPS – wrong direction
Moved up next 19 minutes about 21 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD moved up for 8 minutes about 25 PIPS - wrong direction
Ranged

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF moved up for 10 minutes about 15 PIPS - wrong direction
Moved down next 17 minutes about 13 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY moved up for 20 minutes about 8 PIPS – wrong direction – entered a trade by mistake
Moved down next 17 minutes about 13 PIPS – right direction – exited the trade, small win

The next release of these reports will be on Tuesday, 02-28-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

Past performances are not an indication of future results.

So—Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow up – USD New Home Sales report

shark — Sat, 28 Jan 2012 16:44:27 +0000

The US New Home Sales report last Thursday was not enough of a surprise for a trade

I did not enter a trade this month!!

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Thursday, 01-26-12 at 10:00 AM ET, the USD New Home Sales report was released by the Census Bureau

One other report is being released as well:
USD CB Leading Index m/m
Released monthly by The Conference Board Inc.

I did a “preview” of these reports on Wednesday, 01-25-12, click here for a review.

Here is what happened:

USD – New Home Sales – Stats

Previous = 315K—————revised=314K

Forecast = 321K

Actual = 307K

Here is how I was set up and the results:

USD-10-00AM-ET-01-26-12
Looking for a 30K difference
Actual > Forecast = Good for USD
USD New Home Sales
——actual———-forecast——-previous
________________321K _____315K
_____307K_______ 321K_____ 314K
out at 351K or higher – BUY USD/JPY
out at 291K or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 14K
Bad – “actual” came out lower than “previous” by 8K
Bad – “actual” came out lower then revised “previous” by 7K

I did not enter a trade this month!!

Here are the charts.

(AUD/USD)

a one minute AUD/USD chart

The AUD/USD currency pair ranged for about 19 minutes
Moved down next 26 minutes about 50 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

The EUR/USD currency pair moved down for 3 minutes about 7 PIPS – wrong direction
Moved up next 3 minutes about 22 PIPS – right direction
Moved down next 4 minutes about 19 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

The GBP/USD currency pair ranged for about 23 minutes

(NZD/USD)

a one minute NZD/USD chart

The NZD/USD currency pair moved down for 2 minutes about 5 PIPS – wrong direction
Moved up next 17 minutes about 13 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

The USD/CAD currency pair moved up for 2 minutes about 4 PIPS – wrong direction
moved down for 2 minutes about 8 PIPS – right direction
Moved up next 40 minutes about 15 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

The USD/CHF currency pair moved up for 3 minutes about 2 PIPS – wrong direction
spiked down for 1 minute about 15 PIPS – right direction
Moved up next 34 minutes about 31 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

The USD/JPY currency pair moved up for 3 minutes about 4 PIPS - wrong direction
Moved down for 13 minute about 18 PIPS – right direction

The next schedule release of these reports will be on Friday, 02-24-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow up – USD Core Durable Goods report

shark — Fri, 27 Jan 2012 17:13:29 +0000

On Thursday, the 26th of January, 2012, the US Core Durable Goods Orders report was released – there was not enough difference between the “actual” and “forecast”-

Both reports were such that they were in conflict – and, I did not enter a trade this time!

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Thursday, 01-26-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

Also 1 other news release:

USD Unemployment Claims
Released monthly by the Department of Labor
I did not enter a trade this time, there was not enough difference – the reports were in conflict.

My “preview” post concerning these reports was on Wednesday, 01-25-12, click here for a review.

Here is how the reports for this month were set up and the results:

USD – Core Durable Goods Orders m/m – Stats

Previous = 0.3%——————-revised = 0.5%

Forecast = 0.9%

Actual = 2.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-01-26-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
_______________0.9%________0.3%
_____2.1%______ 0.9% _______0.5%
out at 2.4% or higher – SELL GBP/USD
out at -0.6% or lower – BUY GBP/USD

Good – “actual” came out higher than “forecast” by 1.2%
Good – “actual” came out higher than “previous” by 1.8%
Good – “actual” came out higher than revised “previous” by 1.6%

There was not a good enough difference between the “actual” and “forecast” to enter a trade, and there was conflict between the 2 reports- so I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair moved up for minutes about 13 PIPS – wrong direction
Moved down for 12 minutes about 11 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up/down 1st minute about 4 PIPS/ 9 PIPS -
Moved up next 8 minutes about 16 PIPS – wrong direction
Moved down for 7 minutes about 15 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair spiked up/down 1st minute about 3 PIPS/ 10 PIPS/ 4 PIPS -
Moved up next 3 minutes about 16 PIPS – wrong direction
Moved down for 12 minutes about 10 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair spiked up/down/up 1st minute about 2 PIPS/ 5 PIPS/ 1 PIPS
Moved up next 3 minutes about 9 PIPS – wrong direction
Moved down for 12 minutes about 11 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 4 minutes about 13 PIPS – wrong direction
Moved up next 28 minutes about 16 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair moved down/up/down 1st minute about 4 PIPS/ 7 PIPS/ 2 PIPS -
Moved down next 3 minutes about 10 PIPS – wrong direction
Moved up for 4 minutes about 7 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair spiked down/up/down 1st minute about 2 PIPS/ 8 PIPS/ 4 PIPS -
Moved up for 23 minutes about 9 PIPS – right direction

The next scheduled release of these reports is on Tuesday, 02-28-12 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD Existing Home Sales report

shark — Sun, 22 Jan 2012 16:20:59 +0000

This months Existing Home Sales report came out bad for the US economy – but not enough change for a trade of the US Dollar

Did not enter a trade this time

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Friday, 01-20-12 at 10:00 AM ET, a USD report was released, it was the USD Existing Home Sales report, released monthly by the National Association of Realtors.

I did a “preview” post on Thursday, 01-19-12 for these reports, click here for a review.

Did not enter a trade this time!

Here are the stats for this month:

USD Existing Home Sales stats:

Previous = 4.42 M—————revised = 4.39 M

Forecast = 4.65 M

Actual = 4.61 M

Here is how I was set up for these reports, and the results:

USD-10-00AM-ET-01-20-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.65M________4.42M
____4.61M ____4.65M________ 4.39M
Out at 4.85M or Higher – SELL EUR/USD
Out at 4.45M or Lower – BUY EUR/USD

Bad – “actual” came out lower then “forecast” by 40 K
Good – “actual” came out higher then “previous” by 190 K
Good – “actual” came out higher then revised “previous” by 220 K

Let’s take a look at the charts and see how things worked out:

(AUD/USD )

a one minute AUD/USD chart

This AUD/USD currency pair ranged for 5 minutes
moved down for 2 minutes about 8 PIPS – wrong direction
Moved up for 16 minutes about 27 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 3 minutes about 5 PIPS – right direction
Moved down for 3 minutes about 16 PIPS – wrong direction
Moved up for 24 minutes about 37 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 12 minutes
Moved up for 27 minutes about 19 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 7 minutes about 13 PIPS – wrong direction
Moved down for 24 minutes about 17 PIPS - right direction

(USD/CHF )

a one minute USD/CHF chart

This USD/CHF currency pair ranged for 4 minutes
Moved up for 2 minutes about 9 PIPS – wrong direction
Moved down for 24 minutes about 25 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair ranged for 3 minutes
Moved down for 5 minutes about 11 PIPS – wrong direction
Moved up for 16 minutes about 16 PIPS – right direction

(USD/JPY )

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 2 minutes about 1 PIPS – wrong direction
Moved down for 22 minutes about 6 PIPS – right direction

The next scheduled release of this report will be Wednesday, 02-22-12 at 10:00 AM ET.

A month is a long time, re-scheduling can occur any time.

I will probably be writing a “preview” post for this up-coming report.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up- USD – Core Retail Sales MoM and Retail Sales MoM

shark — Sun, 15 Jan 2012 16:14:29 +0000

This USD Retail sales report and the Core Retail Sales report was released this week.
The “actual“ was far enough outside the forecast for a good trade – and no conflict

Did not enter a trade this time!

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Thursday, 01-12-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports was released.

These two reports are released monthly by the Census Bureau.

Also, 3 other reports:

USD Unemployment Claims
Released weekly by the Department Of Labor

CAD NHPI m/m
Released monthly by Canada Statistics

EUR ECB Press Conference

I did a “preview” post of this months news release, click here for a review.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

Did not enter a trade this time! Good trigger – no conflict

Here is what happened this month:

USD – Core Retail Sales MoM stats

Previous = 0.2%————–revised = 0.3%

Forecast = 0.3%

Actual = -0.2%

USD – Retail Sales MoM stats

Previous = 0.2% ————–revised = 0.4%

Forecast = 0.3%

Actual = 0.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-01-12-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_______________0.3%______ 0.2%
_____-0.2%_____0.3%_______ 0.3%
out at 0.8% or better – SELL EUR/USD
out at -0.2% or less – BUY EUR/USD

Bad – “actual” came out lower than “forecast” by 0.5%
Bad – “actual” came out lower than “previous” by 0.4%
Bad – “actual” came out lower than revised “previous” by 0.5%

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.3%________ 0.2%
_____0.1%______ 0.3%________ 0.4%

Bad – “actual” came out lower than “forecast” by 0.2%
Bad – “actual” came out lower than “previous” by 0.1%
Bad – “actual” came out lower than revised “previous” by 0.3%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved down for 3 minutes about 27 PIPS – wrong direction
Ranged

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD moved down for 2 minutes about 21 PIPS – wrong direction
Ranged for 8 minutes
Moved up for 32 minutes about 68 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD moved down/up 1st minute about 14 PIPS/ 6 PIPS -
Moved down next minute about 4 PIPS – wrong direction
Ranged for 8 minutes
Moved up next 32 minutes about 39 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD moved down for 22 minutes about 28 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved up for 23 minutes about 23 PIPS – wrong direction
Moved down for 18 minutes about 31 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF moved up for 8 minutes about 16 PIPS – wrong direction
Moved down for 34 minutes about 49 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY spiked up/down/up 1st minute about 2 PIPS/ 7 PIPS/ 3 PIPS -
Moved up for 5 minutes about 5 PIPS – wrong direction
Moved down for 9 minutes about 6 PIPS – right direction

The next time this will be released will be on Tuesday, 02-14-12 at 8:30 AM ET.

I will post a “preview” a day or 2 prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Thu, 12 Jan 2012 17:03:06 +0000

Here is a follow up of last Fridays US Employment reports, the employment change showed some improvement and the Unemployment Rate went down.

Did not enter a trade.

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Friday, 01-06-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

Also, 1 other report:

The USD Average Hourly Earnings m/m report
Released monthly by the Bureau of Labor Statistics

I did not trade!

I did a “preview” post for this months release, click here for a review.

Here is how the reports are set up for this month:

USD Non-Farm Employment Change – Stats

Previous = 120k ———————-revised= 100K

Forecast = 153K ———————-revised= 152K

Actual = 200K

USD Unemployment Rate – Stats

Previous = 8.6%

Forecast = 8.7%

Actual = 8.5%

Here is how I was set up up and the results:

USD-8-30AM-ET-01-06-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________153K_______120K
____200K_____ 152K_______ 100K
out at 250K or higher – SELL EUR/USD
out at 53K or lower – BUY EUR/USD

Good – “actual” came out higher than “forecast” by 47K
Good – “actual” came out higher than revised “forecast” by 48K
Good – “actual” came out higher than “previous” by 80K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate
______8.5%______8.7% ______8.6%
______8.5%______ 8.7%______ 8.7%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

Good – “actual” came out lower than “forecast” by 0.2%
Good – “actual” came out lower than “forecast” by 0.1%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair spiked up/down 1st minute about 28 PIPS/ 19 PIPS
Ranged 4 minutes
Moved up for 3 minutes about 17 PIPS - wrong direction
Moved down for 9 minutes about 35 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency spiked up/down/up 1st minute about 14 PIPS/ 22 PIPS/ 3 PIPS
Spiked down/up/down nest 2 minutes about 20 PIPS/ 16 PIPS/ 8 PIPS
Moved up for 3 minutes about 20 PIPS – wrong direction
Moved down for 7 minutes about 50 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 16 minutes about 43 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair moved up for 7 minutes about 23 PIPS – wrong direction
Moved down for 9 minutes about 24 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked down 1st minute about 30 PIPS – wrong direction
Moved up for 12 minutes about 30 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair spiked down/up 1st minute about 7 PIPS/ 15 PIPS
Moved up/down next minute about 13 PIPS/ 10 PIPS -
Moved up/down next 4 minutes about 5 PIPS/ 20 PIPS – wrong direction
Moved up for 6 minutes about 38 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 3 minutes about 16 PIPS - right direction

The next scheduled release of the two major reports is on Friday, 02-03-12 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD ADP Non- Farm Employment change report

shark — Sat, 07 Jan 2012 17:03:46 +0000

This USD ADP Non-Farm Employment Change report came out this week and was good enough “off forecast” for a trade!

I did not enter a trade – but there was a good “trigger“!

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Thursday, 01-05-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” was released by Automatic Data Processing, Inc.

I did a “preview” of this months report, posted on Wednesday, 01-04-12, click here for a review.

Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous = 206K—————revised = 204K

Forecast = 176K

Actual = 325K

Here is how I was set up and what happened:

USD-8-15AM-ET-01-05-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________176K________206K
____325K_______ 176K________ 204K
out at 226K or higher – SELL GBP/USD
out at 126K or lower – BUY GBP/USD

Good – “actual” came out higher than “forecast” by 149K
Good – “actual” came out higher than “previous” by 119K
Good – “actual” came out higher than revised “previous” by 121K

I did not enter a trade this time! There was a good “trigger”.

Here are the charts:

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD moved up 1st minutes about 14 PIPS – wrong direction
Moved down for 4 minutes about 25 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY small move down 1st minute
Moved up for 7 minutes about 9 PIPS – right direction
Ranged

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD small move up 1st minute
spiked down next minute about 33 PIPS – wrong direction
Moved up for 4 minutes about 19 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD spiked down 1st minute 5 PIPS – right direction
moved up next minute about 15 PIPS – wrong direction
Moved down for 4 minutes about 39 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF small move up 1st minute about 3 PIPS – right direction
spiked down next minute about 10 PIPS – wrong direction
Moved up for 4 minutes about 29 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD small move down 1st minute
spiked up next minute about 19 PIPS – wrong direction
Moved down for 4 minutes about 13 PIPS – right direction

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved up for 2 minutes about 20 PIPS – wrong direction
Moved down for 4 minutes about 24 PIPS – right direction

The next ADP report is scheduled for Wednesday, 02-01-12 at 9:15 AM ET.

I will probably write a “preview” post a day or two before.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.